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Fitbit Inc (FIT.N)

FIT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Matthew Bromberg, Current COO Of Zynga, Joins Fitbit Board Of Directors
Thursday, 15 Mar 2018 09:00am EDT 

March 15 (Reuters) - Fitbit Inc ::MATTHEW BROMBERG JOINS FITBIT, INC.’S BOARD OF DIRECTORS.FITBIT INC - ‍BROMBERG IS CURRENTLY CHIEF OPERATING OFFICER OF ZYNGA​.FITBIT INC - ‍BROMBERG JOINED EFFECTIVE MARCH 14, 2018​.  Full Article

Fitbit Launches Fitbit Ace
Tuesday, 13 Mar 2018 09:00am EDT 

March 13 (Reuters) - Fitbit Inc ::FITBIT LAUNCHES FITBIT ACE, INSPIRES HEALTHY HABITS FOR KIDS AND MAKES FITNESS FUN FOR THE WHOLE FAMILY.FITBIT INC - ‍FITBIT ACE AVAILABLE FOR PRESALE MARCH 13 ON FITBIT.COM FOR $99.95​.FITBIT INC - ‍ACE WILL BE AVAILABLE IN STORES WORLDWIDE IN Q2 2018​.  Full Article

Fitbit Reports Q4 ‍​Adjusted Loss Per Share $0.02
Monday, 26 Feb 2018 04:05pm EST 

Feb 26 (Reuters) - Fitbit Inc ::FITBIT REPORTS $571M Q4’17 AND $1.616B FY’17 REVENUE.Q4 GAAP LOSS PER SHARE $0.19.SEES Q1 2018 REVENUE DOWN ABOUT 15 TO 20 PERCENT.Q4 REVENUE $571 MILLION.QTRLY ‍​ADJUSTED LOSS PER SHARE $0.02.‍​SOLD 5.4 MILLION WEARABLE DEVICES IN Q4.NEW DEVICES FITBIT IONIC(TM), ALTA HR(TM) AND FITBIT ARIA 2(TM) AND ACCESSORY FITBIT FLYER, REPRESENTED 36% OF REVENUE IN QUARTER.QTRLY ‍AVERAGE SELLING PRICE INCREASED 20% TO $102 PER DEVICE DRIVEN BY ADDING FITBIT IONIC, SMARTWATCH, TO DEVICE MIX​.‍​ EXPECT DEVICE MIX TO CONTINUE TO SHIFT TOWARDS SMARTWATCHES OVER COURSE OF THE YEAR.SEES Q1 NON-GAAP BASIC NET LOSS PER SHARE IN RANGE OF $0.21 TO $0.18.FITBIT - ‍EXPECT TO GROW FITBIT HEALTH SOLUTIONS, INCREASE PREMIUM SUBSCRIBERS, BUT GROWTH WILL BE RELATIVELY IMMATERIAL TO WEARABLE DEVICE REVENUE IN 2018.EXPECT FREE CASH FLOW TO DECLINE LESS THAN REVENUE AND EXPECT TO BREAKEVEN FOR 2018.FY GUIDANCE EXCLUDES BENEFIT OF AN EXPECTED $80 MILLION TAX REFUND PAYMENT.FITBIT -‍​ EXPECT DEVICE MIX SHIFT AND FIXED COST DELEVERAGING TO NEGATIVELY IMPACT GROSS MARGINS, PARTIALLY OFFSET BY OPERATING EFFICIENCIES IN 2018.Q4 EARNINGS PER SHARE VIEW $-0.00, REVENUE VIEW $588.9 MILLION -- THOMSON REUTERS I/B/E/S.Q1 EARNINGS PER SHARE VIEW $-0.09 -- THOMSON REUTERS I/B/E/S.  Full Article

Fitbit Inc To Acquire Twine Health
Tuesday, 13 Feb 2018 09:00am EST 

Feb 13 (Reuters) - Fitbit Inc ::FITBIT INC TO ACQUIRE TWINE HEALTH.FITBIT INC - AS PART OF ACQUISITION, TWINE HEALTH TEAM WILL JOIN FITBIT AS PART OF ITS HEALTH SOLUTIONS GROUP.FITBIT INC - JOHN MOORE WILL SERVE AS FITBIT'S MEDICAL DIRECTOR.  Full Article

Wells Fargo Announces Support For Fitbit Pay
Thursday, 11 Jan 2018 09:00am EST 

Jan 11 (Reuters) - Wells Fargo & Co ::WELLS FARGO ANNOUNCES SUPPORT FOR FITBIT PAY™.WELLS FARGO & CO - WELLS FARGO CUSTOMERS WILL BE ABLE TO USE NEW FITBIT IONIC SMARTWATCH TO MAKE SEAMLESS MOBILE PAYMENTS.  Full Article

Fitbit Inc reports Q3 GAAP loss per share $0.48
Wednesday, 1 Nov 2017 04:05pm EDT 

Nov 1 (Reuters) - Fitbit Inc :Fitbit reports third quarter results.Sees q4 2017 non-GAAP loss per share $0.03 to $+0.01.Sees fy 2017 non-GAAP loss per share $0.23 to $0.27.Q3 GAAP loss per share $0.48.Sees q4 2017 revenue $570 million to $600 million.Sees fy 2017 revenue $1.615 billion to $1.645 billion.Q3 revenue $393 million versus I/B/E/S view $391.7 million.Q3 non-GAAP loss per share $0.01.Q3 earnings per share view $-0.03 -- Thomson Reuters I/B/E/S.Q4 earnings per share view $-0.04, revenue view $583.7 million -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $-0.32, revenue view $1.62 billion -- Thomson Reuters I/B/E/S.Fitbit Inc - ‍sold 3.6 million devices in quarter, up 7% sequentially from q2 of 2017​.  Full Article

Visa enables on the go payments with the new Fitbit Ionic
Monday, 28 Aug 2017 09:10am EDT 

Aug 28 (Reuters) - Fitbit Inc :Visa inc- ‍enabling visa payments on fitbit's smartwatch fitbit ionic​.Visa inc- ‍cardholders of participating banks will be able to make payments with fitbit pay, fitbit's new payment function, when available​.  Full Article

Fitbit announces new premium guidance and coaching offering based on your data
Monday, 28 Aug 2017 09:00am EDT 

Aug 28 (Reuters) - Fitbit Inc -:Fitbit announces new premium guidance and coaching offering based on your data.Fitbit- ‍new coaching services to launch with fitbit coach personal training app, available on android, IOS, and windows devices in fall 2017; introductory pricing of $7.99/month or $39.99/year​.  Full Article

Fitbit saya ‍Aria 2 is available for presale today on fitbit.com
Monday, 28 Aug 2017 09:00am EDT 

Aug 28 (Reuters) - Fitbit Inc -:Fitbit Inc - ‍aria 2 is available for presale today on fitbit.com, with availability starting in fall 2017​.  Full Article

Fitbit says ‍Flyer is available for presale
Monday, 28 Aug 2017 09:00am EDT 

Aug 28 (Reuters) - Fitbit Inc -:Fitbit Inc - ‍Flyer is available for presale today with retail availability in october 2017​.  Full Article

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Fitbit's six current, ex-staff indicted in Jawbone trade secrets case

​Six former and current employees of Fitbit Inc were ​charged in a federal indictment for possessing trade secrets stolen from rival Jawbone, according to a statement from the Department of Justice on Thursday.